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Investing & Retirement

From Air Force Pilot to Millionaire

2 Minute Read

At 73, Jim Powell is one of the growing group of retired millionaires who worked hard, saved well, and prepared for the future. Jim’s millionaire story is an inspiration—especially considering how he made less than $50,000 most years as a member of the U.S. Air Force and working as a commercial pilot.

When Jim began his career as a second lieutenant, he brought home about $500 a month and saved $100 every month. Each time he got a promotion, he increased his savings. When he left the military 20 years later, the Powell family was saving or investing $1,100 a month. Jim says anyone can accomplish what he did if you just make the commitment to set a goal and stick to it.

“You don’t have to make a whole lot of money, but you need to consistently save,” Jim says. “And you need to get out of debt and stay out of debt.”

See more of Jim’s inspiring story and hear his advice to people who want to live like no one else and get the retirement of their dreams—no matter their income.

Before you can start saving for retirement, you need to beat debt for good. Get the tools you need to get out of debt for good with Financial Peace University. Start today and change your future!

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